---
schema_version: "secwatch.filing_event.v1"
accession: "0000706863-25-000004"
form_type: "8-K"
ticker: "UNB"
cik: "0000706863"
company_name: "UNION BANKSHARES INC"
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T02:02:17.897638+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Union Bankshares Q4 net income flat at $3.0M; FY net income down 22% to $8.8M

## Summary
- Q4 2024 net income $3.0M, EPS $0.67 vs $3.0M, $0.68 in Q4 2023.
- FY 2024 net income $8.8M ($1.94 EPS) vs $11.3M ($2.50 EPS) in FY 2023.
- Total loans grew 12.6% to $1.16B; deposits fell to $1.17B (no brokered deposits).
- Credit loss expense increased to $930K from a $499K benefit; asset quality remains strong.
- Quarterly dividend declared $0.36/share, payable Feb 6, 2025 to holders of record Jan 25.

## SEC filing metadata
- accession: 0000706863-25-000004
- form_type: 8-K
- ticker: UNB
- cik: 0000706863
- company_name: UNION BANKSHARES INC
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/706863/000070686325000004/0000706863-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/706863/000070686325000004/unb-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000706863-25-000004
- JSON: https://secwatch.observer/filing/0000706863-25-000004.json
- Plain text: https://secwatch.observer/filing/0000706863-25-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.